Import and Export Code in India

By Trademark Bazaar - 26th October 2017

Every person undertaking the export and import transaction in India is required to obtain import export code. The import-export code once obtained is valid throughout the existence of the entity and no further renewal or filing is required.

The import-export code is issued by the directorate general of foreign trade (DGFT), ministry of commerce and industries, Government of India. Obtaining import export code in case of goods is mandatory however in case of export or import of services IEC code is required only in certain specified cases. These services may include the services or technologies concerned with the national security of the country.

Importance of obtaining IEC code

• It is mandatory for undertaking import and export activities.

•Customs clearance for goods is obtained through IEC.

• Companies can enjoy various benefits on imports and exports from DGFT, Customs, and Export Promotion Council etc.

In order to obtain the import-export code, an IEC application shall be submitted to the Regional Joint DGFT office along with the above-mentioned documents. The IEC is granted within the time period of 15-20 working days.

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The most preferred partner in India for those looking to set up their own business. Give your business dream a flying start with us as we are right here to make it realistic and possible in a cost effective manner. Set up in the year 2017, our aim is to make it easy and affordable for entrepreneurs to make their boats sailing in the right manner. Right from the beginning, we are poised towards infusing unprecedented levels of ease and value in the company incorporation procedure.

We help entrepreneurs in meeting legal and regulatory requirements by partnering them at each & every stage of their business life cycle.

Setting up a Business :-

Setting up a business in India is quite a mountainous job for many due to huge complexity. Be it a Private Limited Company, Public Limited Company, Limited Liability Partnership, Sole Proprietorship, One Person Company or any other company format, choosing the right procedure and meeting all statutory guidelines is utmost necessary for a smoother drive ahead. At Trademark Bazaar, our business incorporation experts would guide you through the most appropriate business model basis your distinctive needs, budget and other factors. Our personalized and consultative approach towards business incorporation makes us a leader in the segment.

Intellectual Property :

Securing your business assets is another important aspect for a business owner. Intellectual property elements such as trademark, copyright, and patents need to be obtained in a prescribed manner from the respective authority so as to gain full control of your products/services. At Trademark Bazaar, we are all set to provide full-fledged assistance in regard to Intellectual Property management. Irrespective of your industry type and product category, our professionals are ready to provide value-oriented services in a cost effective manner.